Guido Daniel

Guido Daniel S. C. is a 46 year old man who lives in the municipality of Soledad, with his spouse and their two children, who are 8 and 12 years old. There he has a business called "Bobinas Guido", (Guido's Coils) where he produces coils that he sells in the center of Barranquilla, Ciénaga, Fundación, and other coastal towns. He also offers maintenance and repair services for fans in his own neighborhood, and sells spare parts for them.

Guido started his business in the year 1990 due to the need to search for income to support his family, which he has attained, always with the intention and the decision to grow and support himself in the market. The fixed assets linked to his micro-business are his tool boxes and a table. His business has been successful due to his skilled service, and he has been able to build a good customer base not only in his community, but also in the center of Barranquilla and the towns of Ciénaga and Fundación.

His average sales are 3,170,000 Colombian pesos, and he generates profits of 23%. For three years he has been linked to the Fundación Mario Santo Domingo, an organization which has given him three loans which he has applied specifically to his business, which has been the reason it has grown and his profits have increased. This has allowed his to buy his home and pay for the education of his children. He dreams to give them a high-quality education so that they can prosper in the future. For this reason, he will dedicate all of his efforts to improve his business, adapting it to a main room where he displays a grand workshop.

With this "credikiva" (Kiva loan), his fourth loan with the Fundación Mario Santo Domingo, he will buy: copper wire, coils, soldering wires, spare parts for fans, preparing himself for the end of the year when there is a lot of money in circulation and his sales increase.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.